Quito asked:
When I was in college I did not pay some debts that went to a collection agency and was not payed unitl 5 years after the fact. Now that I am trying to obtain a credit card everyone/agency/bank is denying my requests. How can I obtain a credit card when even the crappy cards will not accept me?
ALESIA
Comments
Can you get someone with better credit (relative or reallly good friend) to co-sign the application. That should do it, if you can.
Yeah, thats bound to happen. I faced similar probelms too. There’s some good info here. Check it out
go to your bank. get a prepaid visa. that is what my boyfriend is doing. After it being paid on time for prob a year or so apply for a real credit card through the same bank.
I luckily had the option of 500 credit card or 500 overdraft protection with my bank account so I took the credit card to get my credit started.
You should be able to get a credit card. There are a few places that either don’t do credit checks, but may require a security deposit.
Most major banks don’t help out in tough situations though.
There are more that a few lenders who specialize in credit cards for people with bad credit. You just have to look a little harder than most people have to.
And getting a card after you’ve had a few problems doesn’t necessarily mean that you have a higher than normal rate. Like, I said, you’ll just have to compare between credit lines, yearly fees, and interest percentages. Just make sure you do your homework BEFORE you commit, and you’ll be fine.
You can find some offers for credit cards, both secured and unsecured here:
A Credit card for people with bad credit is a form of borrowing that often involves charges. So it’s wise to compare terms and fees before you agree to open a credit or charge card account. Try looking for a credit cardwhich credit cards you should apply for? Shop around because not all credit cards for people with bad credit are created equal.
I can not help you with getting a credit card TODAY. But, I can help you fix the underlying problem of Bad Credit. Believe me, trying to get a credit card is just the beginning of your problems. Fix the cause, not the effect. Feel free to email me.
Quito, this word is this word, talk and talk with c cards companys
I found interesting information about your answer & credit card options here. luck!
I would suggest that you look into getting a secured VISA or Mastercard. The way this works is that you open a savings account with a balance of, say, $500. The card issuer will then provide you with a credit card with a $500 limit. You will earn interest on the savings account, as well.
Then begin using the card for smaller purchases and be sure to pay off the balance due each month. Your record of payment on time will gradually begin to boost your credit score to the point that you will begin receiving offers in the mail for unsecured cards which you actually can obtain. These usually carry an horrendous interest rate, so you should use such a card sparingly, but always mainting a good record of timely payments.
Over time, you will be able to rejoin the major credit card mainstream with the admonition, again, to use credit cards sanely.